• Trump nixes federal pay raise
Trump nixes federal pay raise

Trump addressed the decision to forgo the pay increase in a letter to House and Senate leaders on Thursday, saying, "We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets can not sustain such increases".

Read more

  • Argentina Asked for IMF Loan as Financial Crises Aggravates
Argentina Asked for IMF Loan as Financial Crises Aggravates

Last month, the International Monetary Fund said it expects Argentina's economy to stabilize by the end of the year and a gradual recovery to begin in 2019. Ratings agency Moody's said the central bank's move "is a clear signal that economic policy approaches have not been sufficient to contain the financial pressures facing Argentina".

Read more

  • Ford blames tariffs in decision to scrap Focus crossover import
Ford blames tariffs in decision to scrap Focus crossover import

Ford Motor Co.is canceling plans to import a new crossover model from a plant in China after President Donald Trump's tariffs undermined the business case for bringing the vehicle to the US market. "The threat or the imposition of a 20 to 25 percent tariff will limit consumer choices and raise prices in the U.S". Galhotra also said the compa...

Read more

  • Lego built a full-size Bugatti that you can totally drive
Lego built a full-size Bugatti that you can totally drive

The Master Builders of LEGO really took their skills to a new level when they used LEGO Technics elements to build a full-scale Bugatti Chiron that can actually drive! Those attending the Grand Prix Formula 1 event in Monza, Italy today will be able to see the mind-blowing creation in person.

Read more

  • India GDP: Economic growth surges to 8.2%
India GDP: Economic growth surges to 8.2%

As India's GDP growth for the first quarter of 2018-19 accelerated to 8.2 per cent, former Finance Minister P. For instance, the manufacturing sector grew at 13.5% in the June quarter compared to -1.8% past year. The Reserve Bank of India, which has increased interest rates twice since June to curb inflation, expects the economy to expand 7.4...

Read more

  • China trade talks are not top priority, says US Treasury Secretary
China trade talks are not top priority, says US Treasury Secretary

Trump made these comments during an oddly riveting televised event from the White House, where he had Mexico's outgoing president, Enrique Peña Nieto , on speakerphone. "The vast majority of vehicles made in the U.S., Mexico and Canada are above the requirements", said Kristin Dziczek, vice president of industry, labor and economics at the Cente...

Read more

  • Trump Has Fighting Words for the World Trade Organization
Trump Has Fighting Words for the World Trade Organization

He claimed that the establishment of the body in 1994 had been "the single worst trade deal ever made" and that it had treated the United States " very badly for many years". An initial complaint at the WTO was filed by China in July after Trump imposed his first round of tariffs. Earlier this week it launched a case against Russian duties on U....

Read more

  • No NAFTA Deal: Canada-U.S. Talks To Resume Next Week
No NAFTA Deal: Canada-U.S. Talks To Resume Next Week

One Canadian official had told the Star previous to learning of Trump's comments that the US delegation was not offering "any movement". - Dairy: Canada's protected dairy industry, a longtime bull's-eye of U.S. His remarks raised doubts about whether the two countries could quickly reach a deal to keep Canada in the 24-year-old trading bl...

Read more

  • Rupee breaches 71 against dollar for the first time
Rupee breaches 71 against dollar for the first time

On Wednesday, rupee touched a low of 70.65 a dollar. The Indian currency has now lost almost 10 per cent since January making it Asia's worst performing currency. India's central bank has raised interest rates this year in part to help increase the value of the rupee. The benchmark Brent crude firmed up 31 cents to $ 77.45 per barrel.

Read more

  • Q1FY19 GDP beats estimates, grows at 8.2 percent
Q1FY19 GDP beats estimates, grows at 8.2 percent

India's economy has seen its fastest quarterly growth in two years, even as its rupee currency continues to fall. "In terms of GDP, the rates of GFCF at current and constant (2011-2012) prices during Q1 of 2018-19 are estimated at 28.8 percent and 31.6 percent, respectively, as against the corresponding rates of 28.7 percent and 31 percent, respec...

Read more

  • President Trump cancels pay raises for federal employees set for January
President Trump cancels pay raises for federal employees set for January

Under current law, the 2.1 percent across-the-board pay raise was scheduled in 2019 for all civilian federal employees, as well as location-based increases. The federal budget deficit has grown 16 percent this fiscal year, the result of a combination of Trump-supported tax cuts and military spending, as well as increases in mandatory spending progr...

Read more

  • Aston Martin Revs Up For London Stock Exchange
Aston Martin Revs Up For London Stock Exchange

The manufacturer of luxury cars said it was "announcing its potential intention to undertake an initial public offering ", ending months of speculation about its plans to go public. The carmaker said it's on track to deliver as many as 6,400 cars this year. Italian group Investindustrial, Kuwait's Investment Dar and five-percent shareholder D...

Read more

  • Warren Buffett says Berkshire Hathaway buying own stock, more Apple
Warren Buffett says Berkshire Hathaway buying own stock, more Apple

The companies did not disclose the details of the deal including the stake size or the amount invested by the US-based Berkshire. On Monday, ET had reported that Warren Buffett's Berkshire Hathaway is in talks to invest about Rs 2,000-2,500 crore in One97 Communications , that could value the company at $10 billion.

Read more

  • Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola
Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola

Whitbread bought Costa in 1995 for 19 million pounds. "Whitbread, which also owns budget hotel chain Premier Inn, said that its board had unanimously approved the deal, and that it expects the sale to be completed by the first half of 2019".

Read more

  • JetBlue Raises Baggage Fee To An Industry High
JetBlue Raises Baggage Fee To An Industry High

At the same time, JetBlue announced an increase in the fee for oversized items from $100 per bag to $150 per bag. Airline fees have taken off since 2008, when American Airlines introduced a $15 checked-bag fee to offset high fuel prices.

Read more

  • Vodafone bets on $8 billion merger to boost Australia business
Vodafone bets on $8 billion merger to boost Australia business

TPG and Vodafone Australia (VHA) have confirmed they will merge to create a fully integrated telco estimated to be worth $15 billion. Vodafone Hutchison's current boss Inaki Berroeta will be the chief executive officer, while TPG Telecom's chief executive David Teoh will become chairman of the new entity, described as "a merger of equals" which...

Read more

  • YouTube alternative Facebook Watch rolls out globally
YouTube alternative Facebook Watch rolls out globally

In addition to the global launch, producers based in the UK, Ireland, Australia, New Zealand, and the US will be able to start making money from their videos using a feature called Ad Breaks . Creators in certain countries - Ireland, the UK, Australia and New Zealand, to start - will also be able to monetize their content with ad breaks, including...

Read more

  • FG excited over 2.05% non-oil sector growth, says ERGP at work
FG excited over 2.05% non-oil sector growth, says ERGP at work

The report showed that the non-oil sector GDP grew by 2.05 per cent in the second quarter of 2018, up from 0.76 in the first quarter of 2018, representing the strongest growth in non-oil GDP since the fourth quarter of 2015. Analysis showed that GDP growth within the period was constrained by oil GDP with crude oil and gas production contracting by...

Read more

  • Elon Musk Revives Thailand Diver
Elon Musk Revives Thailand Diver "Pedo" Controversy With New Tweets

Billionaire Elon Musk said on Twitter that he wanted Ethereum "even if it [was] a scam" on Tuesday - perhaps as a tongue-in-cheek response to the cryptocurrency scammers who frequent Musk's Twitter. Congratulations to Musk, who continues to play himself. When contacted by Sky News about the renewed controversy, Unsworth said, "It's all being ...

Read more

  • Rs 2.25 lakh crore lost to demonetise Rs 13,000 cr: P. Chidambaram
Rs 2.25 lakh crore lost to demonetise Rs 13,000 cr: P. Chidambaram

The detection of counterfeit notes in the Rs 50 and Rs 100 denomination witnessed a record high in 2017-18 compared with two preceding fiscals, the RBI announced on Wednesday. The demonetisation of Rs 500 and Rs 1000 notes in November 2016 had prompted the RBI to print new currency notes. This means just Rs 10,720 crore of the junked currency did...

Read more